The plan offered by the President’s bipartisan deficit commission, released last Wednesday, has drawn reaction across the political spectrum.
Want to better understand how consistent this plan is with long-term fiscal stability? We provide a practical framework to assess budget proposals like this in Choosing the Nation’s Fiscal Future, a report released in January 2010 by the National Research Council together with the National Academy of Public Administration. This report also features four representative scenarios that illustrate a wide range of available policy choices to put the nation on a path toward a stable fiscal future. Which one would you choose?
And for insight into how we can stay economically competitive in the global economy, don’t miss our new report Rising Above the Gathering Storm, Revisited: Rapidly Approaching Category 5. Science plays a vital role in our nation’s fiscal future. Read the report for actionable recommendations for funding research, improving science and mathematics education, and changing the nation’s tax, patent, immigration and litigation policies.
Links to these books and other National Academies reports that may also interest you are listed below.
|Choosing the Nation’s Fiscal Future
A mismatch between the federal government’s revenues and spending, now and in the foreseeable future, requires heavy borrowing, leading to a large and increasing federal debt. That increasing debt raises a serious challenge to all of the goals that various…
|Rising Above the Gathering Storm, Revisited: Rapidly Approaching Category 5
In the face of so many daunting near-term challenges, U.S. government and industry are letting the crucial strategic issues of U.S. competitiveness slip below the surface. Five years ago, the National Academies prepared Rising Above the Gathering…
|Expanding Underrepresented Minority Participation: America’s Science and Technology Talent at the Crossroads
In order for the United States to maintain the global leadership and competitiveness in science and technology that are critical to achieving national goals, we must invest in research, encourage innovation, and grow a strong and talented science and…
|Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future
In a world where advanced knowledge is widespread and low-cost labor is readily available, U.S. advantages in the marketplace and in science and technology have begun to erode. A comprehensive and coordinated federal effort is urgently needed to bolster U.S….